Bank of America Corp DE boosted its position in First Busey Corporation (NASDAQ:BUSE) by 128.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 171,816 shares of the bank’s stock after buying an additional 96,454 shares during the period. Bank of America Corp DE owned 0.45% of First Busey Corporation worth $5,051,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of BUSE. Schwab Charles Investment Management Inc. increased its position in First Busey Corporation by 9.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 153,905 shares of the bank’s stock worth $4,525,000 after buying an additional 12,901 shares during the period. Renaissance Technologies LLC increased its position in First Busey Corporation by 14.7% in the first quarter. Renaissance Technologies LLC now owns 414,900 shares of the bank’s stock worth $12,198,000 after buying an additional 53,300 shares during the period. Dimensional Fund Advisors LP increased its position in First Busey Corporation by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,697,899 shares of the bank’s stock worth $49,918,000 after buying an additional 71,916 shares during the period. Kennedy Capital Management Inc. increased its position in First Busey Corporation by 17.0% in the first quarter. Kennedy Capital Management Inc. now owns 193,969 shares of the bank’s stock worth $5,703,000 after buying an additional 28,135 shares during the period. Finally, Geode Capital Management LLC increased its position in First Busey Corporation by 12.8% in the first quarter. Geode Capital Management LLC now owns 319,939 shares of the bank’s stock worth $9,406,000 after buying an additional 36,377 shares during the period. Institutional investors and hedge funds own 43.73% of the company’s stock.
First Busey Corporation (NASDAQ BUSE) opened at 29.27 on Monday. The firm has a 50-day moving average price of $29.46 and a 200-day moving average price of $29.68. The firm has a market capitalization of $1.12 billion, a P/E ratio of 19.36 and a beta of 0.99. First Busey Corporation has a 52 week low of $21.80 and a 52 week high of $32.22.
First Busey Corporation (NASDAQ:BUSE) last posted its earnings results on Tuesday, July 25th. The bank reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The business had revenue of $62.43 million for the quarter, compared to analysts’ expectations of $63.40 million. First Busey Corporation had a net margin of 22.04% and a return on equity of 10.66%. Equities analysts forecast that First Busey Corporation will post $1.72 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 21st were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $0.72 dividend on an annualized basis and a yield of 2.46%. First Busey Corporation’s payout ratio is currently 47.37%.
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A number of research firms recently commented on BUSE. Piper Jaffray Companies set a $32.00 price target on First Busey Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 25th. BidaskClub downgraded First Busey Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded First Busey Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 3rd. ValuEngine upgraded First Busey Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $31.00 target price on shares of First Busey Corporation in a research note on Friday, May 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $32.00.
First Busey Corporation Company Profile
First Busey Corporation (First Busey) is a financial holding company. The Company offers a range of financial services through its banking and non-banking subsidiaries. The Company operates through three segments: Banking, Remittance Processing and Wealth Management. The Banking segment provides a range of banking services to individual and corporate customers through its branch network in downstate Illinois, St.
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